Smiths Group PLC (OTCMKTS:SMGZY) Sees Significant Growth in Short Interest

Smiths Group PLC (OTCMKTS:SMGZY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 75,045 shares, an increase of 127.4% from the April 30th total of 33,002 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 65,606 shares, the days-to-cover ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on SMGZY shares. Zacks Research upgraded shares of Smiths Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 19th. Jefferies Financial Group restated a “hold” rating on shares of Smiths Group in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Smiths Group Stock Performance

Shares of SMGZY traded down $0.56 during mid-day trading on Tuesday, hitting $32.78. 24,367 shares of the company’s stock were exchanged, compared to its average volume of 27,651. The firm has a fifty day moving average of $33.59 and a two-hundred day moving average of $33.99. Smiths Group has a twelve month low of $28.29 and a twelve month high of $37.93.

About Smiths Group

Smiths Group plc, headquartered in London, is a diversified engineering firm with roots dating back to 1851. Over its long history, the company has evolved from a manufacturer of timepieces into a provider of critical components and systems for industries ranging from energy and natural resources to healthcare and security. Smiths Group is publicly traded on the London Stock Exchange and its American depositary receipts trade over-the-counter under the symbol SMGZY.

The company operates through four principal divisions.